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Hello everyone,
In looking for the week ahead I feel we might have a major CIT (change
in trend) for the Dow. On Friday the dow hit ~20 below its 1.618 mark
then bounced up. The next possible CIT maybe on Friday 9/4/98, both
Trade/Calander days match. The area of support is (2ret) 7636.46, which
is ~ the close on 1/12/98. Also, with Mr. Clinton going to Russia and
depending what is said, 9/4/98 feels right for a CIT.
As for 3Com, again 9/4/98 comes in as CIT. The area of possible support
25.35-23.5625.
Lets see what happens. Have a great weekend.
Joe Frabosilio
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